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| 1 | |
We are moving away from a world in which national economies were self-contained and toward a world in which: |
| | A) | Barriers are increasing |
| | B) | Barriers to trade are decreasing |
| | C) | Barriers to trade are increasing and investment is decreasing |
| | D) | Barriers to trade are decreasing and barriers to investment are tumbling |
| | E) | Barriers to trade and technology remain unchanged |
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| 2 | |
Globalization has increased the opportunities for a firm |
| | A) | By selling around the world and producing in nations where key inputs are expensive |
| | B) | The pendulum of public policy opinion has swung against the free market end |
| | C) | Barriers to trade are increasing and investment is decreasing |
| | D) | Regulatory and administrative barriers have come down |
| | E) | Markets have become more regulated |
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| 3 | |
In discussing the marketing of consumer products and services, going global is not without problems – what sells in Britain may not sell in Thailand because of: |
| | A) | Different rules and regulations |
| | B) | Different time zones |
| | C) | Business processes in the home country may mean little in another country |
| | D) | Different locations |
| | E) | Barriers to entry in the home country may mean little in another country |
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| 4 | |
Globalization has two main components: globalization of ______ and the globalization of _______. |
| | A) | customers; culture |
| | B) | markets; production |
| | C) | trade; investment |
| | D) | companies; customers |
| | E) | MNCs; MNEs |
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| 5 | |
_______ refers to the merging of historically distinct and separate national markets into one huge global marketplace. |
| | A) | Globalization of companies |
| | B) | Globalization of investments |
| | C) | Globalization of markets |
| | D) | Globalization of culture |
| | E) | Globalization of production |
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| 6 | |
In terms of marketing rivalries, in many global markets the same firms frequently |
| | A) | Confront each other as joint venture partners |
| | B) | Confront each other as competitors |
| | C) | Co-operate with each other as competitors |
| | D) | Co-operate with each other as joint venture partners |
| | E) | diverge into many separate market segments |
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| 7 | |
The tendency among firms to source goods and services from different locations around the globe to take advantage of national differences in the cost and quality of factors of production is referred to as: |
| | A) | globalization of locations. |
| | B) | globalization of goods. |
| | C) | globalization of markets. |
| | D) | globalization of culture. |
| | E) | globalization of production. |
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| 8 | |
GATT – the General Agreement on Tariffs and Trade, was replaced by the |
| | A) | WTO |
| | B) | IMF |
| | C) | World Bank |
| | D) | UN |
| | E) | OECD |
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| 9 | |
Which agency was established to police the international trade systems? |
| | A) | GATT |
| | B) | EU |
| | C) | WTO |
| | D) | FDI |
| | E) | NAFTA |
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| 10 | |
Which agency was established to lend money to the governments of troubled states |
| | A) | GATT |
| | B) | EU |
| | C) | WTO |
| | D) | IMF |
| | E) | NAFTA |
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| 11 | |
_____ occurs when a firm invests resources in business activities outside its home country. |
| | A) | GATT |
| | B) | International trade |
| | C) | Globalization of production |
| | D) | New world order |
| | E) | Foreign direct investment |
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| 12 | |
Globalization of production—the text indicates more firms are doing what Bombardier does, meaning: |
| | A) | Consolidating production |
| | B) | Consolidating supplies |
| | C) | Dispersing production |
| | D) | Dispersing advertising |
| | E) | Consolidating advertising |
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| 13 | |
Perhaps the single most important technological innovation has been, _______. |
| | A) | development of the microprocessor |
| | B) | development of xerography |
| | C) | transportation advancement |
| | D) | containerization |
| | E) | MNCs |
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| 14 | |
2007 – Canada's population is over 33 million, the population of internet users is |
| | A) | 10% |
| | B) | 12.5% |
| | C) | 24% |
| | D) | 68% |
| | E) | 99% |
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| 15 | |
_______ has revolutionized the transportation business as it greatly simplifies transshipment from one mode of transport to another. |
| | A) | Commercial jet airline |
| | B) | Superfreighters |
| | C) | Railroad systems |
| | D) | Containerization |
| | E) | Information superhighway |
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| 16 | |
In addition to the globalization of production ________________ have also facilitated the globalization of markets |
| | A) | Technological innovations |
| | B) | Global warming |
| | C) | Railroad systems |
| | D) | development of xerography |
| | E) | MNCs |
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| 17 | |
Which country is the largest trading partner of the U.S.? |
| | A) | Japan |
| | B) | Canada |
| | C) | Germany |
| | D) | South Korea |
| | E) | China |
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| 18 | |
The World Bank has estimated that if current trends continue, by 2020 this country's economy would be larger than the U.S. |
| | A) | India |
| | B) | Brazil |
| | C) | China |
| | D) | South Korea |
| | E) | Japan |
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| 19 | |
The _______ refers to the total cumulative value of foreign investments. |
| | A) | stock of foreign direct investment |
| | B) | U.S. government bonds |
| | C) | payments of stock returns |
| | D) | FDI |
| | E) | GATT |
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| 20 | |
A(n) _______ is any business that has productive activities in two or more countries. |
| | A) | multinational enterprise |
| | B) | WTO members |
| | C) | foreign company |
| | D) | international business |
| | E) | globalized market business |
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| 21 | |
A trend in international business has been the growth of: |
| | A) | large firms. |
| | B) | developing countries. |
| | C) | medium-sized and mini-multinationals. |
| | D) | democratic governments. |
| | E) | car companies. |
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| 22 | |
There have been 2 notable trends in the demographics of multinational enterprises (1) the rise of non-US multinationals and |
| | A) | (2) the rise of developing countries |
| | B) | (2) the rise of mini-multi-nationals |
| | C) | (2) the rise of medium-sized multinationals |
| | D) | (2) the rise of democratic governments |
| | E) | (2) the rise of car companies |
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| 23 | |
Which of the following is a concern voiced by opponents of globalization? |
| | A) | The government will lose money in taxes to other countries. |
| | B) | Firms will move their manufacturing activities to save on wages and the poor will become poorer. |
| | C) | Wealthy countries will gain all manufacturing activities. |
| | D) | Developing countries will become stagnant due to lack of jobs and funds. |
| | E) | The Internet will have negative affects on the development of jobs in developing countries. |
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| 24 | |
Globalization has had an effect on jobs. There has been a(n) _____ of Canadian jobs to _________ countries. |
| | A) | Net increase, European |
| | B) | Outsourcing, developing |
| | C) | Outsourcing, Latin American |
| | D) | Net increase, developing |
| | E) | Outsourcing, OECD |
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| 25 | |
The free trade agreement between _______ is represented by NAFTA. |
| | A) | Canada, Mexico, and the United States |
| | B) | the United States, and the European Community |
| | C) | Canada, and the United States |
| | D) | Mexico and Latin America |
| | E) | Japan and Pacific Islander countries |
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| 26 | |
Differences between countries require that an int'l business vary its practices |
| | A) | Product by product |
| | B) | Service by service |
| | C) | Country by country |
| | D) | By language |
| | E) | technologically |
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